HOUSTON, November 1, 2018 (PCW) –- Certain parties settling monthly ethylene contracts have been confirmed to have reached agreement at 31.25 cpp for October, down 2.5 cpp from September. Contracts typically settle retroactively for the previous month during the few days of the next month. Not all parties were in full agreement, however.

One year ago, the October 2017 contract price was 34.25 cpp. Contract prices in 2018 have ranged from a low of 26 cpp (May to a high of 33.75 cpp (September).

October spot ethylene traded in a range of 17.75-23.75 cpp for Texas and Louisiana combined. The October 30-day weighted average was 19.971 cpp (down 1.625 cpp from September) and the 45-day weighted average was 19.931 cpp (down 0.864 cpp from September).